Odey Asset Management closing down

Odey Asset Management is closing down five months after accusations of sexual misconduct were made against founder Crispin Odey.

In a note on the hedge fund’s website, it said: "Odey Asset Management, including Brook Asset Management and Odey Wealth, will be closing.

"Fund managers and funds have moved to new asset managers. You can find information below on where Odey funds have moved to and who to contact if you need more information."

Crispin Odey was removed from the hedge fund in June, after the Financial Times reported that 13 women had alleged that he sexually assaulted or harassed them.

Odey denies the allegations.